Texas Roadhouse Redevelopment, Naperville, Illinois

2856 Patriot's Lane no-imageVIEW MAP

Property Information

Price: $3,452,533

Cap Rate: 9.00%
NOI: $310,728
Lease Term: 1 Year Remaining
Building Size: Approximately 7,511 Square Feet
Year Built: 2006
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670

Property Description

Investment Highlights

  • Repositioning Opportunity with 1 Year of Term Remaining, Allowing an Investor to Receive Rental Income and Reduce Basis While Finalizing Terms with a Replacement Tenant
  • Absolute NNN Lease Structure with no Landlord Responsibilities for the Remaining Term of the Lease
  • Texas Roadhouse Has Operated at This Location for 15 Years and is Relocating Down the Street to a Larger Site to Increase Capacity
  • High Traffic Location – Situated at the Corner of IL Route 59 and Aurora Road, with Average Daily Traffic Counts Exceeding 108,000 Vehicles Per Day
  • Densely Populated, Infill Location with Excellent Demographics – Over 216,700 People in a 5-Mile Radius with Average Household Income Exceeding $135,000
  • High Barrier to Entry Market Containing Over 10.3 Million Square Feet of Retail and Restaurant Space
  • Large 1.46 Acre Parcel with 7,511 Square Feet of Improvements Built in 2006, with 84 Total Parking Spaces on Site
  • More Than 36.2 Million Square Feet of Office and Industrial Space within 3 Miles of the Property, Resulting in an Extremely High Daytime Population of More Than 75,000 Employees
  • Positioned a Half Mile from the Route 59 Metra Rail Station That Has an Average of Over 297,400 Weekly Passengers, Making it the Busiest of BNSF Metra’s 236 Non-Downtown Chicago Commuter Railway Lines
  • Tremendous Multifamily Density with Over 9,850 Apartment Units within 3 Miles of the Property